SHALIMAR BAGH BRANCH 26/28, DDA Commercial Complex, BQ Block NEW DELHI Pin 110088 Ph Nos-27115362; 27463217 Email:shalimarbagh@unionbankofindia.com APPENDIX- IV A [See proviso to Rule 8 (6)] Sale Notice for sale of Immovable Properties E-Auction Sale Notice for Sale of Immovable Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 8 (6) of the Security Interest (Enforcement) Rules, 2002 Notice is hereby given to the public in general and in particular to the Borrower (s) and Guarantor (s) that the below described immovable property mortgaged/charged to the Secured Creditor, the physical possession of which has been taken by the Authorised Officer of Union Bank of India, Shalimar Bagh Branch will be sold on As is where is, As is what is, and Whatever there is on 29-12-2018 (Saturday), for recovery of (1) Rs. 3,93,18,509/-(Rupees Three Core Ninety Three Lac Eighteen Thousand Five Hundred Nine only) as on 31.03.2016 due to the Secured Creditor from (1) M/s Shine Impex & (2) SH. SANJAY KUMAR BANSAL AND SMT. MANJU BANSAL. The details of auction are under: S No Description of Immovable property Reserve Price EMD - 10 % Bid Increase Amount 1 EQUITABLE MORTGAGE OF RESIDENTIAL BUILDING Rs.130,00,000/- SITUATED AT A-1/278, FIRST FLOOR, JANAK PURI, NEW DELHI-110058 MEASURING 1184 SQ FT IN Rs.13,00,000/- THE NAME OF SH. SANJAY KUMAR BANSAL AND SMT. MANJU BANSAL Rs.50,000/- Details of encumbrances over the property, as known to the secured creditor, if any: None For detailed terms and conditions of the sale, please refer to the link provided in www.unionbankofindia.co.in Date: 11.12.2018 Place: Delhi Authorised Officer Enclosed: Terms & Conditions of sale
STATUTORY 15 DAYS SALE NOTICE UNDER RULE 8(6)/Rule 9(1) OF STATUTORY INTEREST (ENFORCEMENT) RULES 2002 This may also be treated as notice u/r 8(6)/ Rule 9(1) of Security Interest (Enforcement) Rules, 2002 to the borrower/s and guarantor/s of the said loan about the holding of E- Auction Sale on the above mentioned date. To, 1. M/S SHINE IMPEX ROOM NO 112 A, FIRST FLOOR X 1, LOHA MANDI, NARAINA NEW DELHI 110075 2. SH. SANJAY KUMAR BANSAL (Proprietor) A 1/ 278 FIRST FLOOR BACK SIDE PANKHA ROAD JANAK PURI 3. SMT. MANJU BANSAL (Guarantor) A 1/ 278 FIRST FLOOR BACK SIDE PANKHA ROAD JANAK PURI
TERMS & CONDITIONS OF ONLINE E- AUCTION SALE Name of Borrower / Mortgagor Debt Due with interest and cost Description of the immovable property lo be auctioned Date and time of Auction Reserve Price Earnest Money Deposit (EMD) Bid Increment Amount by Last date of submission of bids Date & Time of inspection of property for intending purchasers Details of encumbrances over the property, as known to the Bank 1. M/s Shine Impex (Borrower) 2. Sh. Sanjay Kumar Bansal and Smt. Manju Bansal (Borrower) Rs. 3,93,18,509/-(Rupees Three Core Ninety Three Lac Eighteen Thousand Five Hundred Nine only) as on 31.03.2016 and further interest at contractual rate & cost from 01.04.2016. Residential Building Situated At A-1/278, First Floor, Janak Puri, New Delhi-110058 measuring 1184 Sq Ft standing in the name of Sh. Sanjay Kumar Bansal and Smt. Manju Bansal 29.12.2018 (Saturday) between 11:00 AM To 1:00 PM with unlimited extension of 5 minutes each i.e. the end time of e- auction will be extended by 5 Minutes each time if bid is made within the last 5 minutes before closure of auction. Rs.1,30,00,000/- (Rupees One Crore Thirty Lakh only) Rs.13,00,000/- (Rupees Thirteen Lakh only) Rs.1,00,000/- (Rupees One Lakh only) On or before 28.12.2018 (Friday) upto 4.00 PM 21.12.2018 (Friday) between 11:30 a.m to 1:30 p.m. Not known as per the available branch record 1. The Properties shall be sold on AS IS WHERE IS, WHATEVER THERE IS & WITHOUT RECOURSE BASIS only. As such, sale is without any kind of warranties & indemnities. 2. Particulars of the properties / assets (viz. extent & measurements specified in the E- Auction Sale Notice) have been stated to the best of information of the Authorised Officer and Authorised Officer shall not be answerable for any error, misstatement or omission. Actual extent & dimensions may differ. 3. E-Auction Sale Notice issued by the Bank is an invitation to the general public to submit their bids and the same does not constitute and will not be deemed to constitute any commitment or any representation on the part of the Banks. Interested bidders are advised to peruse the copies of title deeds with the Banks and to conduct own independent enquiries/due diligence about the title & present condition of the property/ assets and claims/ dues affecting the property before submission of bid/s. 4. Auction/ bidding shall only be through online electronic mode through the website www.bankeauctions.com service provided by M/s. C1 India Pvt. Ltd., Plot No. 301, 1st Floor, Petro Chemical Building, Udyog Vihar Phase-II, Gurgaon, Haryana, who shall arrange and coordinate the entire process of auction through the e- auction platform. 5. The bidders may participate in e-auction for bidding from their place of choice. Internet connectivity shall have to be ensured by bidder himself. Banks/service
provider shall not be held responsible for the internet connectivity, network problems, system crash, power failure etc. 6. For details, help, procedure and online bidding on e-auction prospective bidders may contact the Service Provider M/s. C1 India Pvt. Ltd., Plot No. 301, 1st Floor, Petro Chemical Building, Udyog Vihar Phase-II, Gurgaon, Haryana, Help Line No. +91-124- 4302020, 21, 22, 23, 24, Contact Person: - Vinod, Mobile No. 91-9813887931, Help Line e-mail ID: support@bankeauctions.com. 7. For participating in the e-auction sale, the intending bidders should register their details with the service provider M/s. C1 India Pvt. Ltd. well in advance and shall get the user id and password. Intending bidders are advised to change only the password immediately upon receiving it from the service provider. 8. For participating in e-auction, intending bidders have to deposit a refundable EMD of 10% of reserve price by way of RTGS/NEFT/Funds Transfer on or before 28-12-2018 (Friday) UPTO 4.00 PM in Account No: 467901980050000, A/c Name: INWARD RTGS, IFSC Code: UBIN0546798 or by DD/Pay order favoring Union Bank of India Payable at New Delhi. 9. The intending bidders should submit the duly filled in Bid Form (format available in the above website) along with the DD/ PO or quoting the UTR No. of NEFT/RTGS remittance towards EMD in a sealed cover addressed to the Authorized Officer, latest by 28-12-2018 (Friday) 4:00 O clock. The sealed cover should be super scribed with Bid for participating in E-Auction Sale- in the A/c M/s Shine Impex & Sh. Sanjay Kumar Bansal and Smt. Manju Bansal. 10. After expiry of the last date of submission of bids with EMD, Authorised Officer shall examine the bids received by him and confirm the details of the qualified bidders (who have quoted their bids over and above the reserve price and paid the specified EMD with the Bank) to the service provider M/s. C1 India Pvt. Ltd. to enable them to allow only those bidders to participate in the online inter se bidding /auction proceedings on the date and time mentioned in E-Auction Sale Notice. 11. Inter se bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders. During the process of inter se bidding, there will be unlimited extension of 5 minutes each, i.e. the end time of e- auction shall be automatically extended by 5 Minutes each time if bid is made within 5 minutes from the last extension. 12. Bids once made shall not be cancelled or withdrawn. All bids made from the user id given to bidder will be deemed to have been made by him alone. 13. Immediately upon closure of E-Auction proceedings, the highest bidder shall confirm the final amount of bid quoted by him BY FAX/ EMAIL both to the Authorised Officer, Union Bank of India Consortium and the Service Provider for getting declared as successful bidder in the E-Auction Sale proceedings. 14. The successful bidder shall deposit 25% of the bid amount (including EMD) immediately, i.e. on the same day of the sale being knocked down in his favour but not later than next working day as the case may be and balance 75% of bid amount within 15 days from the date of e-auction by RTGS/NEFT/Funds Transfer to the credit of A/c. No. mentioned above. 15. In case of default in payment of above stipulated amounts by the successful bidder /auction purchaser within the stipulated time, the sale will be cancelled and the amount already paid (including EMD) will be forfeited and the property will be again put to sale.
16. At the request of the successful bidder in writing, the Authorised Officer in his absolute discretion may grant further time in writing, for depositing the balance of the bid amount. 17. Municipal/ Panchayat Taxes, Other dues including Electricity, water, society dues etc. (if any) has to be paid by the successful bidder only. Bids shall be made taking into consideration of all the statutory dues pertaining to the property. As per section 194-IA of the Income Tax Act 1961, TDS@1% will be applicable on the sale price more than Rs.50,00,000/- (Rupees Fifty Lakh Only) and same need to deposited with the Income Tax department in Form 165-B, containing the bank s name & the PAN number AAACU0564G as a seller and submit the original receipt of the TDS certificate to the bank. The purchaser shall be liable for payment of local taxes and excise duty & any other statutory dues. The registration charges and stamp duty on the documents executed for effecting the sale shall be borne by the purchaser. The Sale Certificate will be issued only on receipt of Form 26QB & Challan for having remitted the TDS. 18. Sale Certificate will be issued by the Authorised Officer in favour of the successful bidder only upon deposit of the entire purchase price/ bid amount. 19. Applicable legal charges for conveyance, stamp duty, registration charges and other incidental charges shall be borne by the auction purchaser. 20. The Authorized officer may postpone/ cancel the E-Auction Sale proceedings without assigning any reason whatsoever. In case the E-Auction Sale scheduled is postponed to a later date before 30 days from the scheduled date of sale, it will be displayed on the website of the service provider. 21. The decision of the Authorised Officer is final, binding and unquestionable. 22. All bidders who submitted the bids, shall be deemed to have read and understood the terms and conditions of the E-Auction Sale and be bound by them. Authorised Officer Special Instructions / Caution: Bidding in the last minutes/seconds should be avoided by the bidders in their own interest. Neither Union Bank of India/ Authorised Officer nor the Service Provider will be responsible for any lapses/failure (Internet failure, Power failure, etc) on the part of the bidder in such cases. In order to ward off such contingent situation, bidders are requested to make all the necessary arrangements / alternatives such as back-up power supply and whatever else required so that they are able to circumvent such situation and are able to participate in the auction successfully.
ONLINE E-AUCTION BID FORM (Read carefully the detailed Terms and Conditions of the E-Auction Sale available in the Website before submitting the Bid) Lot No. Name of the Account Name of the Branch Details of the Property/ Asset Full Name of the Intending Bidder Husband s/ Father s Name Complete Postal Address for Communication Mobile No. E-mail Id PAN Number Details of EMD Remittances: i) Date of the DD /PO / Remittance : ii) D.D / Pay order / UTR No (if paid through RTGS/NEFT): iii) Name of the Bank & Branch: iv) Account No: v) IFS Code : Bank Account of the Unsuccessful Bidder to which EMD amount to be returned: i) Bank A/c No: ii) IFS Code: iii) Bank Name & Branch: I declare that I have and understood the all the Terms and Conditions of E-Auction Sale available in the website www.bankeauctions.com and I shall abide by them. Note: Self Certified copies of PAN Card, Address Proof and Identity proof attached. Place: Date: Signature of the Bidder